Business Revision Topic 1 – Business Organisation and Environment * What is business activity? Inputs – Land‚ Labour‚ Capital & Enterprise Outputs – Goods or Service & Waste. Processes – Research and development‚ Production‚ Marketing‚ Finance‚ Administration‚ Human Resources. * Functions * Production – the changing of natural resources into a product or service. * Marketing – IT is to do with identifying consumer needs and pleasing them. Eg: Pricing‚ advertising
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Unit 222 – Communication in a business environment 1.1 explain why different communication methods are used in a business environment It is important to understand the communication needs of colleagues such as knowing what type of business the organisation is in and maybe specific details about the services or products that they provide. They will also need the skills necessary to do a job well. The purpose of communicating in a business is to send a message to an individual/group of people so that
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Level 2 Certificate in Principles of Business and Administration Unit 1: Principles of personal responsibilities and working in a business environment Assessment Section 1 – Know the employment rights and responsibilities of the employee and employer 1. Identify four main points that would be included in a contract of employment. If possible‚ use an example contract to support your answer (feel free to obscure any confidential information). [AC 1.1] 2a) List three key points of
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Business environment of CRM When a person or an organization entrusts with their investment or any kind of input then they are a “CUSTOMER”. Also the individual or the organization is customer of some individual or an organization. Now managing the relationship between these two parties is known as customer relationship management. Few examples to state would be: Tourist and government People and government Consumer and corporate The business environment affecting these two parties is of importance
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Fiji business environment is a combination of several factors that govern the business and trades of this island nation. Fiji business environment is generally good and promising for taking initiative of new ventures apart from some occasional disturbing factors. Fiji is one of the most progressive island nations in the central south of Pacific Ocean. It has many industries and other natural resources that help together to make a good business environment in this country. But Fiji faces a number
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Nigerian Business Environment Ayeni Adewunmi Hannah & Chikwendu David Outline General Facts Culture & Religion Political System Economic System Industrial Structure Business & Investment Opportunities GENERAL FACTS Location West-Africa. Capital Abuja Population: 2013 Estimate - 174‚507‚539 2006 Census - 140‚431‚790 7th Most Populous country in the world Area: 923‚768km2 356‚667 sq mi Languages Yoruba Igbo Hausa English is widely understood among the educated and
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and how this concept impacts on an organisations business environment. In particular the essay will look into WM Morrison’s stance on CSR and how this impacts the way they conduct business. Greenberg (2003) defines Corporate Social Responsibility (CSR) as ‘Business decision making linked to ethical values‚ compliance with legal requirements and respect for individuals‚ the community at large‚ and the environment. It involves operating a business in a manner that meets or exceeds the ethical‚ legal
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The six environments of business are Domestic‚ Global‚ Technological‚ Political-Legal‚ Sociocultural‚ and Economic and all are interlinked in some form or fashion. One affects the other at different levels at different rates of advantage or disadvantage. A business’ environment are factors that affect the business’ ability to operate‚ which may tie in one or more of the types listed above. When one looks at the environment of Domestic Businesses understand that it is considered to be solely within
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requirements and environment of the business in that country. So for any company‚ thinking to expand the span of business to another country and wants to invest for long term in that country‚ especially where production in that country involves‚ it is very important to understand the business environment‚ government policies‚ restrictions and future perspective of business in that country. The business has to assess whether the company has ability to incorporate most of the business needs and it should
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Business Environment Different businesses + their ownerships Jodie Whitehouse 451697 Introduction- The purpose of this report is to look at economic development matters and what encourages new businesses to locate to a new business park. I will be investigating two contrasting businesses that will create new jobs in the local economy. For the voluntary sector I have chosen Oxfam and for the private sector I have chosen Topshop. Task 1- I have chosen Topshop and Oxfam as my two contrasting
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